Of its choosing. Oil prices are particularly volatile, given the regions role in producing a commodity so vital to the functioning of the Global Economy. Well, oil prices have actually been falling and thats because many traders think the risk of escalation is already factored in to the price. The American Bank citigroup though is warning that if there is more direct conflict between the two, oil prices could soar above 100 a barrel. And its likely that all of this will dominate the agenda for central bankers and Finance Ministers who are gathering this week in washington dc for the annual International Montary fund and world bank meetings. Ahead of that, the head of the imf Kristalina Georgieva has been warning the Global Economy faces a sluggish and disappointing decade amid all the uncertainty. Any impact, as small as it might be, is not desirable in an economy with high uncertainty. And inflation still not being brought down to target, very simple, oil prices go up, inflation goes
By Rhiannon Hoyle BHP Group, the world's biggest miner by market value, on Tuesday reported a steep fall in first-half net profit due to impairment charges,.